Auction Information
0.01 Acres in Enid, OK
MINERAL AUCTION
Thursday May 15, 2014 10:00 a.m.
Online bidding available at wigginsauctioneers
Auction Location: Springhill Suites by Marriott, 5815 KL Drive, Enid, OK 73703 (West of Wal-Mart, West Edge of Enid)
Garfield County
Minerals #1
Legal Description: 5 undivided acres of minerals under Lots 1 and 2 and the E/2 NW/4 30-23N-8W
Net Mineral Acres: 5
Production: None
Current Lease: SandRidge Expires 8/18/2014
Royalty: 3/16
Minerals #2
Legal Description: 10 undivided acres of minerals Lots 3 and 4 and the S/2 NW/4, a/d/a the NW/4, 2-24N-8W
Net Mineral Acres: 10
Production: None
Current Lease: SandRidge Expires 11/13/2016
Royalty: 3/16
Major County
Minerals #3
Legal Description: All minerals in, under, and to the NW/4 15-22N-9W
Net Mineral Acres: 153.52
Production: Held by shut-in well dated 11/21/2013 for a period of 1 year. Shut-in provision cannot extend l...
Production: Held by shut-in well dated 11/21/2013 for a period of 1 year. Shut-in provision cannot extend lease more than 2 consecutive years beyond the primary term. Original lease dated 12/12/1989 for 1/6 royalty. Appears to be 640 acre spacing
Shut-in Royalty: $1/acre/year
Revenue from 11/21/2013 to 11/21/2014: $153.52
Operator: Chesapeake Operating, Inc.
Payer: Chesapeake Operating, Inc.
Minerals #4
Legal Description: Undivided 1/6 of the minerals under the W/2 5-20N-13W
Net Mineral Acres: 53.33
Production: Challenger #1-5, Noble A #1, Noble #2-5, Noble #3-5, all 640 acre gas spacing
Royalty: .01043790
Revenue 2013: approx. $4,147
Operators & Purchasers: Range Production Co., 5600 N. May, Ste. 350, OKC, OK & Vernon E. Faulconer, PO Box 7995, Tyler, TX
Minerals #5
Legal Description: Undivided 1/6 of the minerals under the NE/4 6-20N-13W
Net Mineral Acres: 26.66
Production: Katy 2, George 1-6, Wilda 1-6, Charles 1-6, Mae #1-6, Tripp A 02-06, all 640 acre gas spacing
Royalty Interest: .00550397
Revenue 2013: approx. $6,649
Operators & Purchasers: Chesapeake Operating, Inc. & XTO Energy Inc.
Alfalfa County
Minerals #6
Legal Description: Undivided of minerals under the SE/4 9-23N-12W
Net Mineral Acres: 40
Production: TBA
Royalty Interest: TBA
Net Revenue 2013: approx. $2,941.01
Payer: Continental Resources
Woods County
Minerals #7
Legal Description: 10 undivided acres of minerals under the W/2 SW/4 and N/2 25-29N-20W
Net Mineral Acres: 10
Production: None
Current Lease: SandRidge Expires 4/28/2014
Royalty: 3/16
Minerals #8
Legal Description: 80 undivided acres of minerals under the SE/4 22-26N-14W
Net Mineral Acres: 80
Production: No Current Production- Appears Open for Lease
NOTE: Will be offered in 20 acre tracts with buyer's option to purchase up to 80 acres
Woodward County
Minerals #9
Legal Description: 10 undivided acres of minerals under the SE/4 16-23N-19W
Net Mineral Acres: 10
Production: No Current Production- Appears Open for Lease
Custer County
Minerals #10
Legal Description: 40 undivided acres of minerals under the SW/4 19-12N-17W
Net Mineral Acres: 40
Production: Stockton 2-19, appears to be 640 acre spacing
Royalty Interest: .00729575
Net Revenue 2013: $765.51
Operator: Chesapeake Operating, Inc.
Payer: Chesapeake Operating, Inc.
Washita County
Minerals #11
Legal Description: 16.66667 net mineral interest in a tract in the NW/4 more particularly described as follows: Beginning at the Northwest corner of the NW/4; thence East on a line bearing N 03' a distance of 690 feet; thence South on a true line 2,342.00 feet to the center of the Washita River; thence in a Southwesterly course to a point 220.00 feet East of the Southwest corner of the NW/4; thence due West 220.00 feet to said Southwest corner of the NW/4; thence due North 2,640.00 feet to the point of beginning located in Section 26, Township 10 North, Range 16 West in County of Washita, Oklahoma and containing 120.00 acres more or less.
Net Mineral Acres: 16.66667
Production: No Current Production- Appears Open for Lease
Minerals #12
Legal Description: 5 undivided acres of minerals under the SE/4 10-10N-17W
Net Mineral Acres: 5
Production: None
Current Lease: Sheperd Royalty, LLC Expires 12/12/2014
Royalty: 3/16
Kiowa County
Minerals #13
Legal Description: 20 undivided acres of minerals under the NW/4, NE/4, and the SE/4 27-6N-14W
Net Mineral Acres: 20
Production: No Current Production- Appears Open for Lease
Minerals #14
Legal Description: 40 acres of minerals under the N/2 S/2 NE/4 28-7N-15W
Net Mineral Acres: 40
Production: No Current Production- Appears Open for Lease
Greer County
Minerals #15
Legal Description: 15 undivided acres of minerals under the S/2 NW/4 and the S/2 NE/4 15-7N-24W
Net Mineral Acres: 15
Production: No Current Production- Appears Open for Lease
Comanche County
Minerals #16
Legal Description: 30 undivided acres of minerals under the SE/4 NE/4 21-2N-13W
Net Mineral Acres: 30
Production: No Current Production- Appears Open for Lease
NOTE: Will be offered in 5 acre tracts with buyer's option to purchase up to 30 acres
Terms & Conditions: 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title, at closing. Buyers will have 15 days to examine the county records and satisfy themselves as to the title. Closing is to be on or by June 16, 2014. A 10% Buyers premium will be added to the high bid in the auction to determine the purchase price of each tract. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising.
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